Coldwell Banker Sea Coast Advantage Blog

What is Earnest Money?

Posted by Coldwell Banker Sea Coast Advantage on January 26, 2014 in  buying a home  buying home deposit  earnest deposit  earnest money  earnest money check
When a home is under contract, it’s removed from the market. This is good for the buyer, because it gives them time to do their inspections and due diligence without the threat of another buyer snatching the home out from under them. However, it can hurt how well a home sells by preventing other buyers from seeing it; therefore, a frivolous buyer can be a waste of time and money for a seller. When you sign a contract to buy a home, you make a deposit on that home. This is called an “earnest money deposi... read more
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Is “REO” and “Foreclosure” the Same Thing?

Posted by Coldwell Banker Sea Coast Advantage on January 26, 2014 in  buying a foreclosure  buying a reo  foreclosure  Real Estate  reo
If you’ve been looking at listings online, you may have come across the abbreviation REO, which stands for Real Estate Owned [by a bank, credit union, etc.]. This is often used in connection with foreclosures. So, you may be wondering if an REO and foreclosure are the same. When searching for homes to buy, the simple answer is “yes”. They sell under basically the same conditions. Foreclosures are properties (homes or pieces of land) that are currently going through a legal process in which the len... read more
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The Walk at Sloop Point in Hampstead, North Carolina, is a new construction community from American Homesmith LLC and Hardison Building Company. Centrally located off Hwy 17 on Sloop Point Road, The Walk is only half a mile from Kiwanis Park and less than 5 minutes from Belvedere Country Club Golf Course. Residents can enjoy the beach, dining, and shopping at Topsail Beach and Surf City, both of which are less than 10 minutes away, or enjoy a cruise on the water thanks to the nearby public boat ramp on Lewis Road. ... read more
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Don Bullard of Don Bullard Insurancespoke at the Coldwell Banker Sea Coast Advantage Wilmington office meeting today about the coastal counties insurance rate hike. If you own a home in one of the 18 coastal counties of North Carolina or are planning to buy, it’s important you educate yourself on this hike. Insurance companies want to raise the homeowner insurance rates by as much as 35% in many areas, because they’re afraid of losing their profits if North Carolina is hit by a large storm like Hurrican... read more
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When Selling Your Home, It Pays to Be Flexible!

Posted by Coldwell Banker Sea Coast Advantage on January 20, 2014 in  flexibility  seller tips  sellers  selling your home  showing center
You worked hard tidying up the yard, de-cluttering your home’s interior, and giving it a fresh coat of paint. You even made those repairs you’d been putting off for a year. Then, you and your Realtor® settled on a competitive listing price for your home and he or she prepared some great marketing materials. Now, it’s been a month, showings have been few, and no offers have been made on the property. What’s the problem? The problem may be flexibility. When a home goes on the market, it n... read more
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